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this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our economy, then why wouldn't we consider it? >> what if we go over the cliff. doesn't the president hold all the cards then? can't he say, all right, everybody taxes have increased. i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three
this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our...
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what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of
what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path...
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and that kind of agreement would be good for our businesses, it'd be good for our economy, it would be good for our children's future and i believe that both parties can agree on a frame work that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> so right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president, congressional democrats to tell the american people what spending cuts they're willing to make and we'd like to thank the president for adopting the fox news slogan there and as we get closer to the fiscal cliff, both sides seem to be standing tough and what about the coverage, jim in. >> i think the debate overall that began with simpson bowls saying we should roughly have tax cuts, tax increases, pardon me, and spending cuts and so the media narrative is sort of, can we get simpson bowls through a recalcitrant republican congress? and what's changed though, i think it's really a role call, daniel new house and mary anne shiner, says simpson and bowls are no longer part
and that kind of agreement would be good for our businesses, it'd be good for our economy, it would be good for our children's future and i believe that both parties can agree on a frame work that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> so right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president, congressional democrats to tell the american people what spending cuts...
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money out of the economy? >> everybody remembers very well the ugly process we went through in august of 2011 in raising the debt ceiling, and what happened immediately around the raising of that debt ceiling. we saw the stock markets crash. let me tell you if we go off this fiscal cliff -- and i put the blame squarely on the president. he's been awol on this issue for the last three years. now he's coming in and waving a flag, trying to take the glory, put the burden on republicans. republicans have been willing to negotiate. if he doesn't come forward and provide real leadership, we go off the cliff, the economic disaster that we're going to see is going to be squarely on the shoulders of this president. >> sean: i would like to adopt something like the mac penny plan. cut one penny out of every dollar washington spends, and we move to a balanced budget. with baseline budgeting, you have increases every year. can you ever get rid of baseline budgeting? >> if any corporation in america operated the way the co
money out of the economy? >> everybody remembers very well the ugly process we went through in august of 2011 in raising the debt ceiling, and what happened immediately around the raising of that debt ceiling. we saw the stock markets crash. let me tell you if we go off this fiscal cliff -- and i put the blame squarely on the president. he's been awol on this issue for the last three years. now he's coming in and waving a flag, trying to take the glory, put the burden on republicans....
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it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans campaigned against $716 million in medicare cuts from the current program. republicans for medicare reform. not for squeezing the current program. they will say i want to give the middle class, make sure the middle class tax rate stay where they are. i don't want the republicans to squeeze medicare more than we did, have done in the past. i'm worried. that the president
it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want...
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they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we didn't get, certainly overwhelming evidence. >> he is a member of the senate foreign re
they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose...
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they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we didn't get, certainly overwhelming evidence. >> he is a member of the senate foreign relations committee which would consider the confirmation of ambassador susan rice if the president were to nominate ambassador rice to succeed hillary clinton as secretary of state. but senator johnny isaacson of georgia said he would not confirm her. why? >> i don't think she is confirmable right now because of the lack of information we have on the entire benghazi issue, from the administration. susan rice is the tip of the sphere. the administration has put her there. there are unanswered questions why we didn't have security for c
they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we didn't get,...
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the economy could enter the year into another recession. the white house took great care to make sure the president was barely seen as he headed out for a big golf outing. the clock meanwhile keeps ticking an the point man the president's point man in fiscal cliff negotiations took to five sunday talk shows to make the administration's case. >>> we think that's a very good set of proposals that's what is good for the economy. if they have got different suggestions twhaent to go further in some areas they should lay it out to us. >> the president's plan called for $1.6 trillion in new taxes over the next decade mostly with the wealthy. those would be sure. less sure the promised spending cuts republicans say might never actually happen. the government takes more money through the tax hikes but spend more money. making the debt even higher. >> i am flabbergasted. i looked at him and said we can't be serious. we have put a serious offer on the table to put revenues up there to try to get the question resolved. the white house responded with vi
the economy could enter the year into another recession. the white house took great care to make sure the president was barely seen as he headed out for a big golf outing. the clock meanwhile keeps ticking an the point man the president's point man in fiscal cliff negotiations took to five sunday talk shows to make the administration's case. >>> we think that's a very good set of proposals that's what is good for the economy. if they have got different suggestions twhaent to go further...
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and will bring the economy to its knees at last temporarily if they don't fix that. you talk to economists on the left, on the right, they would really have agreement. you don't think it is serious? >> cbo said if we go over the fiscal cliff unemployment would be over 9%. if we go over it, it is still going to be over 9%. if we stop, it will be close to 9% only half a point difference which is a lot, i'm not minimizing it. >> it has to do with what the trajectory of growth is in the economy which is critical. the other element here, you're talking about what the republicans should do, gingrich is talking about what the republicans should do. i think they need to come forward with a reasonable proposal, and say look this is what we want. paul ryan who said, the real problem in all of this, yeah taxes, they are going to be disputes about how you get revenue. oblem is runaway entitlement spending. >> sean: absolutely. >> it is the big elephant in every room. and the republicans say let's do something about it when i talked to obama in july he said, "it is an untenable p
and will bring the economy to its knees at last temporarily if they don't fix that. you talk to economists on the left, on the right, they would really have agreement. you don't think it is serious? >> cbo said if we go over the fiscal cliff unemployment would be over 9%. if we go over it, it is still going to be over 9%. if we stop, it will be close to 9% only half a point difference which is a lot, i'm not minimizing it. >> it has to do with what the trajectory of growth is in the...
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and the president have held us in abeyance for a year and a half on this issue which has stall the economy, people -- while they sit and lay their game and their vacation everything else, they've stalled the impact. >> the idea of all of the bush tax cuts going away, is a serious thing. here again, the president could win, having them all go over, that's an extraordinarily serious event.ss whether republicans take this offer from yesterday, whether they take it personally or they just say well -- >> greta: you think it is posturing to make it a game? >> i think the first offer from the democrats should have been a couple weeks ago. the first offer had to be really bad, the democrats just won an election, their interest groups everyone that fought and bled for that election feels like they did well they can't give something that negotiates away a lot of what they want going to ask for something unrealistic and hoping to get something back. the first offer has to be rejected out of hand. >> greta: i think it is insulting. >> i think the republicans expected something bad, i just don't think
and the president have held us in abeyance for a year and a half on this issue which has stall the economy, people -- while they sit and lay their game and their vacation everything else, they've stalled the impact. >> the idea of all of the bush tax cuts going away, is a serious thing. here again, the president could win, having them all go over, that's an extraordinarily serious event.ss whether republicans take this offer from yesterday, whether they take it personally or they just say...
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so the result is the economy gets sicker and weaker. greece, for example, has seen its economy shrink by 7% in the last year. all of european is in recession now. the last official number was the economy actually shrank last month for all of europe as a unit. japan has been stuck for 23 years in a decaying economy. 23 years. and i think we're seeing a pressure in washington for exactly the same pattern. that's what's happening in california, in sacramento. it's what's happening in illinois, in springfield. it's what's happening in new york, in abdominal. it's big government getting bigger and bigger while the private sector gets smaller and smaller, making the debt problems even harder to deal with. >> greta: just so i understand, so do you think the wiser thing for the house republicans, republicans in the senate, is to get a 90-day deal, push things down the road for 90 days, hold hearings in the meantime and do it piecemeal? >> yes. >> greta: or better to push it off the fiscal cliff and take the draconian impact and -- >> they shoul
so the result is the economy gets sicker and weaker. greece, for example, has seen its economy shrink by 7% in the last year. all of european is in recession now. the last official number was the economy actually shrank last month for all of europe as a unit. japan has been stuck for 23 years in a decaying economy. 23 years. and i think we're seeing a pressure in washington for exactly the same pattern. that's what's happening in california, in sacramento. it's what's happening in illinois, in...
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at the same time, they don't want the economy to go in the hole. the other thing is they don't want the country to go broke. what the republicans failed to do is what you're saying. they failed communication case w50eus. wise. they don't hold ban barack baraa accountable. to give himself powers that no president has had, you take that to the country and say you want him deciding he can just spend whatever he wants? >> that's like removing the debt ceiling. >> exactly. >> that's wha wt you're talking about. >> i'm saying that's the issue >> you're saying that the president should outline the cuts because nobody's going to the table to say this has to come off. >> all you have to say -- i'm sorry, go ahead. >> the president has to come up with a reasonable solutions that sells. >> why should he if he can blame e republicans? >> because at the end of the day it's the era of this president. no one remembers who the speaker was during the depression. >> this is the point -- you're exactln.y right. august 2011, the republicans took a beating over what ha
at the same time, they don't want the economy to go in the hole. the other thing is they don't want the country to go broke. what the republicans failed to do is what you're saying. they failed communication case w50eus. wise. they don't hold ban barack baraa accountable. to give himself powers that no president has had, you take that to the country and say you want him deciding he can just spend whatever he wants? >> that's like removing the debt ceiling. >> exactly. >>...
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they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we didn't get, certainly overwhelming evidence. >> he is a member of the senate foreign relations committee which would consider the confirmation of ambassador susan rice if the president were to nominate ambassador rice t
they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at panasonic,...
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but on january 20th, he will face a stagnant economy and a fiscal mess. you might even say he will inherit these problems. >> this has become a public relations issue, too. yesterday the white house had to admit in fact they had summoned a number of liberal talk show hosts mk s nbc and others. >>> thank you, doug. >>> kate middleton is spending her third day in the hospital. the royal mom to be is said to be recovering. she faces up to 6 months of misery from her severe morning sickness. paul harrison joins us live from london with an update. hi, paul. >> this is the third day that the dutches of cambridge is now in the hospital. she came in monday suffering from acute morning sickness. there was a statement issued by sir james palace last night shortly after the duke of cambridge departed the hospital after being here for 6 hours or so. in the statement they said case is feeling much better. the duke and dutches were grateful for the good wishes they have been getting inside the hospital while they have been here. they did add that kate will for the pres
but on january 20th, he will face a stagnant economy and a fiscal mess. you might even say he will inherit these problems. >> this has become a public relations issue, too. yesterday the white house had to admit in fact they had summoned a number of liberal talk show hosts mk s nbc and others. >>> thank you, doug. >>> kate middleton is spending her third day in the hospital. the royal mom to be is said to be recovering. she faces up to 6 months of misery from her severe...
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>> the economy is getting a little better. cyber monday was a new record. the big et cyber monday on record. they are beginning to open up their wallets. they are saving their cash for years now spending. >> or using credit cards a lot. let's get to the companies. >> ups you know this one. the global package delivery company. there are several things you can do and they are hiring through december 8th. they have 55,000 seasonal jobs available. 525 million packages will be shipped between now and christmas. packaged loaders unloaders, 8.50 an hour. >> 55,000 jobs that's a lot. >> sterling jewelers. >> i love this one. mostly mall based jewelry companies. this is kay and jared. they own both chains. they have full-time positions across the nation. they have 1300 plus more across the country. you don't flooefd why yous jewelry experience. they will train you about cut and clarity and color the size and different shapes. they will train you and put you into the store the. >> is it an hourly salary? >> it is a base salary but you also do get commission. these jo
>> the economy is getting a little better. cyber monday was a new record. the big et cyber monday on record. they are beginning to open up their wallets. they are saving their cash for years now spending. >> or using credit cards a lot. let's get to the companies. >> ups you know this one. the global package delivery company. there are several things you can do and they are hiring through december 8th. they have 55,000 seasonal jobs available. 525 million packages will be...
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at the same time they don't want the economy to go in the hole. the other thing is they don't want the country to go broke, and what the republicans fail to do they fail to community indicate. they couldn't communicate themselves out of 0 wet babier bag. they don't hold barack obama accountable. you're the president and should lead on spending. this move of his give himself powers no president has had you take that to the country and say, you want him deciding he can spend whatever he wants. >> like removing the debt ceiling. >> exactly. i'm saying that's the issue. >> you're saying now that the president should outline the cuts because nobody is going the table to say this has to come off. >> the president has to come up with a reasonable solution that sells. >> why should he if he can blame the republicans? >> at the end of the day, its the era of this president. no one remembers who the speaker was during the depression. >> right. sounds like august 2011, the republicans took a beating over what happened. guess who really paid the price? the pr
at the same time they don't want the economy to go in the hole. the other thing is they don't want the country to go broke, and what the republicans fail to do they fail to community indicate. they couldn't communicate themselves out of 0 wet babier bag. they don't hold barack obama accountable. you're the president and should lead on spending. this move of his give himself powers no president has had you take that to the country and say, you want him deciding he can spend whatever he wants....
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since world war 2 we've spent between 18 and 19% of the overall economy. that's the percentage of economic activity the government has consumed. if you look at revenue, we're at about 16%. if you look at spending, we're at 25%. we're way out of kilter when it comes to spending, and the president, all he wants to focus on is the little -- the reason we're at 16, n not 18, is becaue of poor economic growth. he doesn't want to focus on the problem. he wants to transform what american government is about. >> is it because he thinks he has a better idea or because he's stubborn and arrogant? >> look, do i believe the president is stubborn and arrogant? maybe. i don't know him that well. i will say that he's convicted that government should have more resources and make more decisions in america and that's the course we're headed on. >> senator, thank you. always nice to see you, sir. >> my pleasure, thank you. >>> to the sizzling question of the day. will the next ambassador wear prada. why would president obama consider magazine editor for a diplomatic post? >>
since world war 2 we've spent between 18 and 19% of the overall economy. that's the percentage of economic activity the government has consumed. if you look at revenue, we're at about 16%. if you look at spending, we're at 25%. we're way out of kilter when it comes to spending, and the president, all he wants to focus on is the little -- the reason we're at 16, n not 18, is becaue of poor economic growth. he doesn't want to focus on the problem. he wants to transform what american government is...
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he would want to get the tree up and have everybody christmas so his economy would be better. i'm not saying that's the right reason. but it's so crazy. these people have gone so out of their minds with the p.c. political correctness business and, you know, conclusion, we would to include everybody. mr. stein, i think you know this better than anyone else. you can't include some people. some people are going to be left out. >> some people want to be left out and angry and on the fringes and want to draw attention to themselves like being angry they will be left out. >> all right. ben, thank you. by the way ben stein's new book is called how to really ruin your financial life and portfolio. directly ahead new york city judge gives very lenient citizens to three men associated with al qaeda. it's outrage. geraldo with details. gutfeld and mcguirk running wild once again. please hide the children. the factor returns shortly. this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas
he would want to get the tree up and have everybody christmas so his economy would be better. i'm not saying that's the right reason. but it's so crazy. these people have gone so out of their minds with the p.c. political correctness business and, you know, conclusion, we would to include everybody. mr. stein, i think you know this better than anyone else. you can't include some people. some people are going to be left out. >> some people want to be left out and angry and on the fringes...
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that will destroy economy. no spending controls. >> shannon: across the board, bad things are going to happen. both sides of this equation agree if we go over the cliff. senator graham seems convinced that is what is going to happen. >> i'm not convinced it would happen. but the road we are going down right now is more likely to happen. we can't avert it. but i hope that the republicans will not cave in to the democrat demands. more taxes, more spending, cuts later, because the cuts never happen. we are at a crossroad now. the president has an opportunity to lead. he has to get involved rather than run all over the country and politic. the election is over. but this is real stuff now. it affects everybody in america. it will affect our economy. >> shannon: absolutely. now you say you don't want to see republicans blink fire department you talk about the revenue on the table are you opposed to raising the tax rates? >> the first thing i'm opposed to raising rates. individual taxes. a lot of ways to skin the cat
that will destroy economy. no spending controls. >> shannon: across the board, bad things are going to happen. both sides of this equation agree if we go over the cliff. senator graham seems convinced that is what is going to happen. >> i'm not convinced it would happen. but the road we are going down right now is more likely to happen. we can't avert it. but i hope that the republicans will not cave in to the democrat demands. more taxes, more spending, cuts later, because the cuts...
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what else do not feds see in the economy, peter. empleghts overall the feds saw the economy growing at a measured pace in recent weeks but it said that some business context said that they were worried about uncertainty over the battle of the fiscal cliff in washington. that concern might be showing up in the manufacturing sector. the feds said that in some places around the country, manufacturing was slowing down and actually contracting outright. but it said that hiring was up modestly most places and with the holidays coming up. it said that the outlook for retail sales was mostly upbeat. shep? >> shepard: what's with the sirens? is the place on fire? >> no. there is escort going out here from the white house. >> you don't have much clout there. >> the vice president apparently is leaving. >> shepard: he might as well. what will the fed do with today's report? it has a meeting in a couple of weeks, you know. >> this was okay report. more importantly it was not strong enough for the fed to back off stimulus programs keeping intere
what else do not feds see in the economy, peter. empleghts overall the feds saw the economy growing at a measured pace in recent weeks but it said that some business context said that they were worried about uncertainty over the battle of the fiscal cliff in washington. that concern might be showing up in the manufacturing sector. the feds said that in some places around the country, manufacturing was slowing down and actually contracting outright. but it said that hiring was up modestly most...
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well, the economy is worse now than it was then. frankly, if you look at the dynamic shift in demographics our entitlements are growing at a time when our working population is decreasing. the only answer to all these problems is sustained economic growth. it's the economy, stupid. megyn: what if the republicans say we agree, raise the taxes on the rich. and then what would happen? then what they would be debating about when that most likely didn't fix the problem, quick last word. >> it's a terrible position for the republicans to be in. their only negotiating coin right now. and to give in without doing something to figure out these entitlement program would be a disaster for the republican party. megyn: michael, thanks. coming up, a provocative column in the "wall street journal" on race in america. megyn: the teacher's union in buffalo, new york attracted national attention when we learned their contract benefits include coverage for taxpayer turned plastic surgeries. the issue came up again and trace gallagher picks up our stor
well, the economy is worse now than it was then. frankly, if you look at the dynamic shift in demographics our entitlements are growing at a time when our working population is decreasing. the only answer to all these problems is sustained economic growth. it's the economy, stupid. megyn: what if the republicans say we agree, raise the taxes on the rich. and then what would happen? then what they would be debating about when that most likely didn't fix the problem, quick last word. >>...
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>>guest: there is one positive impact in terms of the economy. you have workers, construction workers coming from all over the country who have been unemployed to help rebuild and we are expecting there could be a half percentage point increase in economic growth next year because of this rebuilding effort. >>heather: is that construction jobs or over all? >>guest: in the reconstruction, rebuilding and infrastructure. this is not the way that we want economic growth but there is one side where people are getting jobs who did not have them before. >>heather: and another increase in auto sales? >>guest: so many of the cars were flooded out and that is the first thing people need to do is get a car from getting their insurance money we are seeing a big pickup in terms of both used and new cars. >>heather: home sales? >>guest: that is not directly affected by sandy so much but it depends on how many will rebuild or buy elsewhere but the housing market is starting to rebuild overall. sandy didn't have that were of an impact on it yet. that is somethin
>>guest: there is one positive impact in terms of the economy. you have workers, construction workers coming from all over the country who have been unemployed to help rebuild and we are expecting there could be a half percentage point increase in economic growth next year because of this rebuilding effort. >>heather: is that construction jobs or over all? >>guest: in the reconstruction, rebuilding and infrastructure. this is not the way that we want economic growth but there...
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about the economy. martha: it will be interesting to see what timothy geithner brings to these discussions today. we'll be reporting on it and you will be there on the hill. thank you very much. >> we'll look forward to it. thanks, martha. martha: all right. bill: there is a controversial vote set to take place today at the united nations and the u.s. is expected to vote against it. eric shawn's live at the u.n. eric, good morning to you, what is the vote about first of all and what's expected to happen? >> reporter: good morning, bill. the vote on the palestinians, a nonmember observer state. we expect to hear from palestinian authority president mahmoud abbas within the next hour. that vote coming after he turned president obama down flat. the u.s. does not want this vote. the palestinians made a move for it last year in the security council where we have a veto. there is no u.s. veto in the 193-member general assembly where it is expected to pass overwhelmingly later this afternoon. last year the pal
about the economy. martha: it will be interesting to see what timothy geithner brings to these discussions today. we'll be reporting on it and you will be there on the hill. thank you very much. >> we'll look forward to it. thanks, martha. martha: all right. bill: there is a controversial vote set to take place today at the united nations and the u.s. is expected to vote against it. eric shawn's live at the u.n. eric, good morning to you, what is the vote about first of all and what's...
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he said behind closed doors that there is a lot at stake not just for the national economy but state by state. some of their budgets could take a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the bottom line is the president and speaker boehner have not spoken now in several days. so there is really no signs of progress. there has been some discussion that look that's just happening in public. behind closed doors maybe they are gaining some ground, i have spoken to some top white house officials tonight some top republicans on the hill they say in private they are not making progress either, shep. >> shepard: republicans say they have offered some compromises. >> they have in the sense that speaker boehner with his policy late yesterday put $100 billion in new tax revenue on th
he said behind closed doors that there is a lot at stake not just for the national economy but state by state. some of their budgets could take a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and...
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economy. bill: a questionable cartoon featuring the rich stealing from the middle class. martha: two rising stars in the republican party laid out their vision for the future last night and for their party. >> we need to carry on and keep fighting for the american idea. the belief that everyone should have the opportunity to rise. to escape from poverty. to achieve whatever your god-given talents and hard work enable you to achieve. wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. i've got a nice long life ahead. big plans. so wh
economy. bill: a questionable cartoon featuring the rich stealing from the middle class. martha: two rising stars in the republican party laid out their vision for the future last night and for their party. >> we need to carry on and keep fighting for the american idea. the belief that everyone should have the opportunity to rise. to escape from poverty. to achieve whatever your god-given talents and hard work enable you to achieve. wow. it's the honey, it makes it taste so... well, would...
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now that may affect the economy, but either way, it will affect the same people n if it affects the economy, it facts everyone. and those people are small businesses. those people then it goes down to the employees and it slows our economy and this is not a time to be doing that. this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick durbin, the senate's number two democrat, said that social security is off the table because i'm going to quote him here -- it does not add a penny to our deficit. that's ludicrus. >> i think that i'm unable to comment because i think the context may have something to do with the sense of lock box and where this money actually comes from and where it sits in the meanwhile before it gets spent. but i also think it's awfully important to remember that in terms of republican cooperation, the president really has been i think very sincere about seeking that cooperation and initially speaker boehner i think exp
now that may affect the economy, but either way, it will affect the same people n if it affects the economy, it facts everyone. and those people are small businesses. those people then it goes down to the employees and it slows our economy and this is not a time to be doing that. this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick...
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jenna: now to the economy. investors are reacting to some new data we got today. the dow is slightly higher the commerce department is reporting that our economy grew at a pace of 2.7% in the july through september period. that is better than the initial estimate. we have numb another reading after this. this is not the final number. economists are seeing signs the meager growth we experienced last quarter may not be necessarily sustainable jon. jon: weekly jobless numbers are in and they are down. the labor department reporting number of americans trying to get unemployment benefits fell 23,000 to 393,000 last week, the second straight drop after superstorm sandy had driven applications much higher earlier in the month. the labor department is saying the storm had little impact on these numbers. jenna: still too high for many investors. even in this tough economy entrepreneurs are carving out a niche, if you will, some sort of innovation. in our spotlight on small business today we are checking out a business that makes granny pods. that is what they're calling t
jenna: now to the economy. investors are reacting to some new data we got today. the dow is slightly higher the commerce department is reporting that our economy grew at a pace of 2.7% in the july through september period. that is better than the initial estimate. we have numb another reading after this. this is not the final number. economists are seeing signs the meager growth we experienced last quarter may not be necessarily sustainable jon. jon: weekly jobless numbers are in and they are...
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jenna: let's talk about the economy now. the "wall street journal" reporting today that the jobs market could be in line for some significant improvement in the coming year if we can get a deal on the fiscal cliff, that is the big question. businesses which have held off investing and hiring because of uncertainty over the fiscal outlook might finally open their wallets, that means more jobs too. a little bit more optimism potentially on the horizon. even if a tough jobs market and maybe an unpredictable economy there are some ways to get ahead. these why we what wanted to talk to our next guest who knows thing or two about that. joining us now, kat cole the president of cinnabon. you have a very unique journey to the position you have today. it all started at hooters, right? >> yeah, i started out like many teenagers, my first job in malls and restaurants, and i got a job at hooters as a hostess and worked my way up and became a waitress at haouters for a fe hooters, when the cooks quit i began to cook. that sent me all ove
jenna: let's talk about the economy now. the "wall street journal" reporting today that the jobs market could be in line for some significant improvement in the coming year if we can get a deal on the fiscal cliff, that is the big question. businesses which have held off investing and hiring because of uncertainty over the fiscal outlook might finally open their wallets, that means more jobs too. a little bit more optimism potentially on the horizon. even if a tough jobs market and...
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we think it's better for the economy, pure and simple. and secondly, listen, the american people expect us to find common ground, to work together and to resolve this. and, frankly, sooner is better than later. >> [inaudible] >> no, there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. if you've watched me over the last three weeks, i've been very guarded in what i had to say, because i don't want to make it harder for me or the president or members of both parties to be able to find common ground. but when i come out the day after the election and make it clear that republicans will put revenue on the table, i took a great risk. and then the white house spends three weeks trying to develop a proposal, and they send one up here that calls for $1.6 trillion in new taxes, calls for a little -- not even $400 billion in cuts, and they want to have in this extra spending that's actually greater than the amount they're willing to cut. i mean, it's, it was not a serious proposal. and so right now we're almost
we think it's better for the economy, pure and simple. and secondly, listen, the american people expect us to find common ground, to work together and to resolve this. and, frankly, sooner is better than later. >> [inaudible] >> no, there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. if you've watched me over the last three weeks, i've been very guarded in what i had to say, because i don't want to make it harder for me or the president or...
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the economy slows down. unemployment tends to go up. president obama in this latest so-called fiscal deal he is proposing much higher tax rates no spending cuts, and unlimited borrowing. i would suggest we might get the same thing here. a slower economy more unemployment. >> gretchen: moral of the story from stuart varney. we'll catch you later on today. thanks. the price of pizza and groceries going up. why you can thank obamacare for that? then they're the newest crop of zoo borns. the most exotic animals in the world are live in our studio. first on this day in 1965 "turn, turn, turn" by the birds was the number one song. i don't remember it. do you stu? n yes [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over and over again. ♪ ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >> gretchen: answer to the aflac question of the day alicia cusper. >> brian: they know who they are. they are con
the economy slows down. unemployment tends to go up. president obama in this latest so-called fiscal deal he is proposing much higher tax rates no spending cuts, and unlimited borrowing. i would suggest we might get the same thing here. a slower economy more unemployment. >> gretchen: moral of the story from stuart varney. we'll catch you later on today. thanks. the price of pizza and groceries going up. why you can thank obamacare for that? then they're the newest crop of zoo borns. the...
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and again, the point is that we're in a slow growth economy, high unemployment economy, a more competitive world thanks in part to our policies of the past, we need to compete and the highest corporate tax rate in the world, what america has is not the way to be competitive. >> to make the argument we've made is to raise taxes and revenues and approach the fiscal cliff and argument from small businesses and others, if you increase our rate, we're either going to have to layoff individuals, not going to hire anybody else right now, and so, therefore, this economy that's already stalled is not going to grow at a clip. >> you remember two years ago, the question was, should we keep the bush rates, at least temporarily, given the problems in the economy and at that time, all the democrats acknowledged raising taxes is not a way to boost economic growth. for whatever reason, this time, there seems to be more of an ideological commitment that the rates have a rise and i think the president ought to be thinking, how do we grow. >> that's what the president said in 2010, we can't afford taxes righ
and again, the point is that we're in a slow growth economy, high unemployment economy, a more competitive world thanks in part to our policies of the past, we need to compete and the highest corporate tax rate in the world, what america has is not the way to be competitive. >> to make the argument we've made is to raise taxes and revenues and approach the fiscal cliff and argument from small businesses and others, if you increase our rate, we're either going to have to layoff...
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for our economy. and lindsay lohan is behind the wheel. see, that says danger. people understand that they understand that. >> that is -- that tells the tale perhaps a little better. lindsay lohan, nobody wants her driving. all right. welcome back to "fox & friends" on this saturday morning. so the lottery. >> did you guys play? >> no, no. dave always plays. i forget and then i think i'm glad i didn't. >> i was so convinced i was going to win for some reason. >> what are the chances you are going to get struck lie lightning three times. david didn't win. cindy and mark hill ended up winning from the midwest. >> quick pick ticket that goes against the conventional wisdom you never won with a quick pick. >> last one was won with a quick pick. >> $293 million chopped out approximately in half. they wanted the lump sum. they went back to the high school where they met to accept this and do a little press conference to talk about what they do now. you have to feel happy for them. she was laid off in 2010 i think as an office manager. he had just recently found work a
for our economy. and lindsay lohan is behind the wheel. see, that says danger. people understand that they understand that. >> that is -- that tells the tale perhaps a little better. lindsay lohan, nobody wants her driving. all right. welcome back to "fox & friends" on this saturday morning. so the lottery. >> did you guys play? >> no, no. dave always plays. i forget and then i think i'm glad i didn't. >> i was so convinced i was going to win for some...